Silvery Dragon Prestressed MaterialsLTD Tianjin Balance Sheet Health
Financial Health criteria checks 4/6
Silvery Dragon Prestressed MaterialsLTD Tianjin has a total shareholder equity of CN¥2.3B and total debt of CN¥432.0M, which brings its debt-to-equity ratio to 18.8%. Its total assets and total liabilities are CN¥3.4B and CN¥1.1B respectively. Silvery Dragon Prestressed MaterialsLTD Tianjin's EBIT is CN¥207.7M making its interest coverage ratio 67.2. It has cash and short-term investments of CN¥245.7M.
Key information
18.8%
Debt to equity ratio
CN¥431.97m
Debt
Interest coverage ratio | 67.2x |
Cash | CN¥245.74m |
Equity | CN¥2.30b |
Total liabilities | CN¥1.07b |
Total assets | CN¥3.36b |
Recent financial health updates
No updates
Recent updates
There's No Escaping Silvery Dragon Prestressed Materials Co.,LTD Tianjin's (SHSE:603969) Muted Earnings
Jun 06Silvery Dragon Prestressed MaterialsLTD Tianjin's (SHSE:603969) Solid Profits Have Weak Fundamentals
Apr 23Silvery Dragon Prestressed MaterialsLTD Tianjin (SHSE:603969) Is Reinvesting At Lower Rates Of Return
Mar 04Earnings Not Telling The Story For Silvery Dragon Prestressed Materials Co.,LTD Tianjin (SHSE:603969) After Shares Rise 25%
Mar 04Financial Position Analysis
Short Term Liabilities: 603969's short term assets (CN¥2.7B) exceed its short term liabilities (CN¥1.0B).
Long Term Liabilities: 603969's short term assets (CN¥2.7B) exceed its long term liabilities (CN¥18.8M).
Debt to Equity History and Analysis
Debt Level: 603969's net debt to equity ratio (8.1%) is considered satisfactory.
Reducing Debt: 603969's debt to equity ratio has increased from 17.5% to 18.8% over the past 5 years.
Debt Coverage: 603969's debt is not well covered by operating cash flow (11.9%).
Interest Coverage: 603969's interest payments on its debt are well covered by EBIT (67.2x coverage).